The suit is demanding monetary damages, court costs and the remission of ill-gotten gains based on seven counts. Binance.US and Binance CEO Changpeng Zhao have both been slammed with a class-action suit. The suit was filed in the District Court of Northern California by a resident of the US state simply identified as Nir Lahav. According to the October 2 filing, Binance.US and Binance CEO played prominent roles in the downfall of its then competitor FTX. The filing also alleged that, in...
Read More »Binance Faces Another Executive Departure as Its Global Head of Product Resigns
Despite the recent wave of executive departures from Binance, the company said in June that it was embarking on a hiring spree with more than 2,000 available positions. Binance, the world’s largest cryptocurrency exchange, is experiencing another high-profile exit as Mayur Kamat, the Global Head of Product and Design, resigns from his role. Kamat’s departure is the latest in a series of executive exits in recent months. A spokesperson for Binance confirmed Kamat’s resignation in an emailed...
Read More »Binance Taps into Low-Cap Crypto Projects to Boost Platform’s Trading
CoinspeakerBinance Taps into Low-Cap Crypto Projects to Boost Platform’s Trading The exchange has also inquired about the market makers' information and their willingness to allocate up to 5% of their circulating tokens to Binance's saving pools, in exchange of earning interest. Binance Taps into Low-Cap Crypto Projects to Boost Platform’s Trading
Read More »Binance Reenters Japanese Market with 34 Tokens
CoinspeakerBinance Reenters Japanese Market with 34 Tokens With 34 tokens, Binance will offer more coins than any exchange operating in Japan. Binance Reenters Japanese Market with 34 Tokens
Read More »NBA Star Jimmy Butler Seeks Dismissal from $1B Binance Class Action Lawsuit
CoinspeakerNBA Star Jimmy Butler Seeks Dismissal from $1B Binance Class Action Lawsuit The NBA star's involvement in Binance's marketing campaign drew significant attention, considering his status as a prominent figure in professional basketball. NBA Star Jimmy Butler Seeks Dismissal from $1B Binance Class Action Lawsuit
Read More »Binance Turns 6: CEO Changpeng Zhao Appreciates Customers in Heartfelt Message
CoinspeakerBinance Turns 6: CEO Changpeng Zhao Appreciates Customers in Heartfelt Message In addition to thanking customers for 6 years of support, CZ also explained highs and lows Binance experienced since the launch in 2017. Binance Turns 6: CEO Changpeng Zhao Appreciates Customers in Heartfelt Message
Read More »CZ Debunks FUD Surrounding Departure of Executives from Binance
CoinspeakerCZ Debunks FUD Surrounding Departure of Executives from Binance Apart from the investigation initiated by the Department of Justice, the SEC sued Binance one month ago for listing unregistered securities, commingling customers' deposits, and flouting KYC rules. CZ Debunks FUD Surrounding Departure of Executives from Binance
Read More »Binance Hires Former Justice Department Prosecutor in Fight with SEC
Kendall Day led the department’s efforts to combat money laundering, including dealing with charges related to money laundering, deferred prosecution agreement, etc. Amid its ongoing legal fight with the US Securities and Exchange Commission (SEC), crypto exchange Binance has hired a former white-collar prosecutor of the Department of Justice (DoJ), as per the court filing on Thursday, June 22. M. Kendall Day, a partner at Gibson Dunn & Crutcher’s Washington DC office, will serve as...
Read More »Binance.US Solves USD Withdrawal Problems but Warns that Solution Is Only Temporary
Binance.US withdrawals are now fully operational on the exchange, even as it warns users to convert all USD to USDT. Binance.US has announced that users can now resume USD withdrawal, as it has solved the problem. The US arm of the world’s largest crypto agency also said that by working with banking partners, it has almost completely resolved all previously delayed withdrawal requests for USD. However, the exchange warns that this resolution may not be permanent. In an official...
Read More »Gemini Expands to Asia with Hub in Singapore: Strategic Move amidst Regulatory Challenges
Gemini highlighted their plans to diversify their customer base and reduce the dependence on the US market. Gemini, the US-based exchange of the Winklevoss Twins, has announced its plans to establish a center in Singapore as part of its future expansion into the Asian market. According to Gemini’s statement, the company intends to hire over 100 employees in the next 12 months to capitalize on the growth potential of cryptocurrencies in the APAC (Asia-Pacific) market. Gemini Expanding...
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